2 CLICK HERE TO SAVE YOUR WORK B5 Ramson Corporation is considering purchasing a machine that would cost $752,800 and have a useful life of 12 years The machine would reduce cash operating costs by $4,100 per year. The machine would have a salvage value of $107,200 at the end of the project. (Ignore income taxes.) Required: 4 a. Compute the payback period for the machine. (Round your answer to 2 decimal places.) (3 marks) 5 6 7 B 9 10 Payback period b. Compute the simple rate of return for the machine. (Round your intermediate calculations to nearest whole dollar and your final answer to 2 decimal places.) (7 marks) 11 12 13 14 15 16 17 8 9 [D] 4 Answer Sheet New FARY